Silver Creek Organization for Performing Arts

Analysis

Silver Creek Organization for Performing Arts is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Silver Creek Organization for Performing Arts reported income of $85k and spending of $46k, leaving 46% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $169k to $85k (-50%), an average of -16% a year. The sharpest change came in the year to July 2022, when income rose by 873%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silver Creek Organization for Performing Arts sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within CO. Charities of a similar size with the same main cause include Cornwall Bridge Ideas Inc ($85k), Phoenix Police Museum ($85k) and Accuracy in Academia Inc ($85k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $96k against liabilities of $374, net assets of $95k.